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Showing posts with the label they shouldn't have let the FNMA stock trade on the open market after taking control of the companies.

they shouldn't have let the FNMA stock trade on the open market after taking control of the companies.

These 2 Companies Made a $10.2 Billion Profit, But Investors Won’t See a Dime By  Matthew Frankel  |  More Articles   |  Save For Later   May 25, 2014  |  Comments (5) Fannie Mae  ( NASDAQOTCBB:  FNMA     ) and  Freddie Mac  ( NASDAQOTCBB:  FMCC     ) earned a very impressive profit of about $10.2 billion in the first quarter of 2014. Thanks to their bailout arrangement, 100% of this amount goes straight into the pockets of the U.S. Treasury. While the Treasury deserves to be compensated for its bailout of both companies during the financial crisis, don't the shareholders deserve some of the profits as well? After all, these are people who put their faith in businesses that were left for dead and have now returned to profitability, so it makes sense they want a cut. However, it's looking pretty unlikely they'll see anything and may even get wiped out altogether. Congress is actively trying t...